Doman Building Materials Group (TSE:DBM) Given New C$10.00 Price Target at Canaccord Genuity Group

Doman Building Materials Group (TSE:DBM) had its price objective reduced by equities researchers at Canaccord Genuity Group from C$11.00 to C$10.00 in a research report issued on Monday,BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 19.05% from the stock’s previous close.

Other research analysts have also issued reports about the company. Stifel Nicolaus upped their target price on Doman Building Materials Group from C$8.00 to C$9.00 in a research note on Monday. Raymond James lowered their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. TD Securities set a C$9.50 price target on Doman Building Materials Group and gave the company a “buy” rating in a report on Tuesday, March 25th. CIBC cut Doman Building Materials Group from an “outperform” rating to a “neutral” rating and set a C$7.50 target price on the stock. in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada dropped their price target on Doman Building Materials Group from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Doman Building Materials Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.13.

Doman Building Materials Group Stock Up 3.8%

TSE:DBM traded up C$0.31 during mid-day trading on Monday, reaching C$8.40. The stock had a trading volume of 392,343 shares, compared to its average volume of 234,851. The stock has a market cap of C$734.15 million, a P/E ratio of 12.98 and a beta of 1.53. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. The business’s 50 day moving average is C$6.86 and its 200 day moving average is C$7.92. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week high of C$9.96.

Insider Activity

In related news, Director Marc Seguin purchased 10,000 shares of Doman Building Materials Group stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of C$6.93 per share, for a total transaction of C$69,300.00. Corporate insiders own 20.04% of the company’s stock.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns.